New Issue: Province of Alberta sells C$720 million 2.55% 10-year notes at 78 bps over benchmark

By Cristal Cody

Prospect News, Aug. 23 - The Province of Alberta (Aaa/AAA/DBRS: AAA) priced C$720 million of 2.55% 10-year notes at 99.714 to yield 2.582% on Thursday, according to an informed bond source.

The notes due Dec. 15, 2022 priced at a spread of 78 basis points over the Government of Canada benchmark.

TD Securities Inc. was the lead manager.

Issuer:	Province of Alberta
Amount:	C$720 million
Maturity:	Dec. 15, 2022
Securities:	Notes
Bookrunner:	TD Securities Inc.
Coupon:	2.55%
Price:	99.714
Yield:	2.582%
Spread:	78 bps over Government of Canada benchmark
Pricing date:	Aug. 23
Settlement date:	Aug. 30
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	DBRS: AAA
Distribution:	Canada

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